Hong Kong court orders Chinese property developer Evergrande to liquidate
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policy-makers scramble to contain the deepening crisis.
![Hong Kong court orders Chinese property developer Evergrande to liquidate](https://i.cbc.ca/1.7097625.1706496351!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/1235248367.jpg)
![The Evergrande headquarters is seen in Shenzhen, southeastern China on September 14, 2021, as the Chinese property giant said it is facing "unprecedented difficulties" but denied rumours that it is about to go under. (Photo by Noel Celis / AFP) (Photo by NOEL CELIS/AFP via Getty Images) A lit sign atop a commercial building shows Chinese characters and English that reads, 'Evergrande Group.'](https://i.cbc.ca/1.7097625.1706496351!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/1235248367.jpg)
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policy-makers scramble to contain the deepening crisis.